A range of incentives for industry and enterprises were announced by the Finance Minister this evening.

Mr Fenech said that during this year the government had invested around €20 million to help industry enter new markets, in providing allowances for research and development, in providing assistance to small and medium‐sized companies in renovating their processes, products and services, in schemes to help fledgling innovative companies and in grants to motivate the use of information technology in companies' operations.

€10 million were given to assist in the investment towards renewable energy and for improving the efficient use of energy.

The Government had decided to extend the €20million for industry scheme by allocating a further €7 million.

€2 million would go for the promotion of international competitiveness, €3 million for innovation, €1 million for research and and €1 million for e-business.

The government was increasing Malta Enterprise's incentive allowance from €6.6 million to €9 million euro to encourage foreign investment.

Particular emphasis would be given to investment in shared services centres in areas such as call centres, software development, digital gaming, human resources, accounts and finance management, market research and Internet publication.

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